GFH plans to list healthcare unit in Saudi Arabia: CEO

GFH Financial Group CEO Hisham Alrayes

GFH Financial Group CEO Hisham Alrayes said the Bahrain-based group plans to list its healthcare arm, Healian, on the Saudi market within 12 to 18 months.

He told Asharq News on the sidelines of the ninth Future Investment Initiative (FII9) in Riyadh that Healian’s investments total about $600 million (AED 2.2 billion), with 60% in Saudi Arabia, mainly in secondary cities, and 40% in the UAE.

Alrayes said GFH is also investing in the private education sector across the Gulf, especially in Saudi Arabia, through its Brightus platform.

He added that the group is eyeing private credit, given the region’s high returns of 12%–15% and regular income distributions.

Healian, a GFH subsidiary, develops and operates healthcare centers across the GCC. It focuses on hospitals and specialized medical centers with high operational efficiency.